Custody assets on 13 exchanges make up 7% of the crypto economy, Coinbase dominates with AUM 56.2 billion

Custody assets on 13 exchanges make up 7% of the crypto economy, Coinbase dominates with AUM 56.2 billion.

At the time of writing, $ 2.3 trillion, or 7.1% of the total ($ 168 billion) of the cryptoeconomy, comes from stablecoins. Additionally, statistics as of January 2 show that 13 trading platforms are holding a billion dollars or more in crypto.

Custody assets on 13 exchanges make up 7% of the crypto economy, Coinbase  dominates with AUM 56.2 billion - CoinCu News

1641199225 660 Custody assets on 13 exchanges make up 7 of the

Top 10 exchanges for crypto assets in custody. Sources: Bituniverse, Peckshield, Chain.info and Etherscan.

13 exchanges include Coinbase, Binance, Huobi Global, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitflyer, Coincheck, Bitstamp and Bybit. Coinbase is the leading provider of crypto reserves (as of Sunday) with $ 56.2 billion in crypto assets under management (AUM).

Coinbase’s $ 40.27 billion reserve consists of Bitcoin at 853,530 BTC. The second largest exchange in terms of AUM is Binance with $ 24.85 billion under management including 370,390 BTC, 3.59 ETH and 1.24 billion USDT.

All 13 exchanges held around $ 165.25 billion in crypto assets, or 6.98% of the crypto economy of $ 2.3 trillion, on Jan. 2.

Approximately 10 exchanges have over $ 50 million in assets under management. 23 exchanges hold a million dollars or more of AUM, and dozen of exchanges have no reserve data available.

The only institution that surpasses Coinbase’s BTC holdings is Grayscale Investment’s Bitcoin Trust (GBTC), which manages 648,069 BTC of the fund. Bitcoin Trust accounts for 3.08% of the total supply of 21 million BTC.

Two other companies holding over 100,000 BTC are Block.one with 140,000 BTC under management, while listed company Microstrategy now holds 124,391 BTC. Grayscale, Block.one and Microstrategy are the only non-exchange entities with 100,000 BTC or more.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Custody assets on 13 exchanges make up 7% of the crypto economy, Coinbase dominates with AUM 56.2 billion

Custody assets on 13 exchanges make up 7% of the crypto economy, Coinbase dominates with AUM 56.2 billion.

At the time of writing, $ 2.3 trillion, or 7.1% of the total ($ 168 billion) of the cryptoeconomy, comes from stablecoins. Additionally, statistics as of January 2 show that 13 trading platforms are holding a billion dollars or more in crypto.

Custody assets on 13 exchanges make up 7% of the crypto economy, Coinbase  dominates with AUM 56.2 billion - CoinCu News

1641199225 660 Custody assets on 13 exchanges make up 7 of the

Top 10 exchanges for crypto assets in custody. Sources: Bituniverse, Peckshield, Chain.info and Etherscan.

13 exchanges include Coinbase, Binance, Huobi Global, Kraken, Okex, Gemini, Bitfinex, Bittrex, Bitflyer, Coincheck, Bitstamp and Bybit. Coinbase is the leading provider of crypto reserves (as of Sunday) with $ 56.2 billion in crypto assets under management (AUM).

Coinbase’s $ 40.27 billion reserve consists of Bitcoin at 853,530 BTC. The second largest exchange in terms of AUM is Binance with $ 24.85 billion under management including 370,390 BTC, 3.59 ETH and 1.24 billion USDT.

All 13 exchanges held around $ 165.25 billion in crypto assets, or 6.98% of the crypto economy of $ 2.3 trillion, on Jan. 2.

Approximately 10 exchanges have over $ 50 million in assets under management. 23 exchanges hold a million dollars or more of AUM, and dozen of exchanges have no reserve data available.

The only institution that surpasses Coinbase’s BTC holdings is Grayscale Investment’s Bitcoin Trust (GBTC), which manages 648,069 BTC of the fund. Bitcoin Trust accounts for 3.08% of the total supply of 21 million BTC.

Two other companies holding over 100,000 BTC are Block.one with 140,000 BTC under management, while listed company Microstrategy now holds 124,391 BTC. Grayscale, Block.one and Microstrategy are the only non-exchange entities with 100,000 BTC or more.

Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

Visited 1 times, 1 visit(s) today

Leave a Reply